Cheap Apartments for Rent in Peru, IN

28 rentals

Apartments For Rent Near Peru, IN

We found 28 more apartments matching your filters just outside Peru

Average Rent Trends in Peru, IN

Rent in Peru, IN varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent increased in Oct 2026 compared to the previous month. Rent previously peaked in Aug 2025.
MonthAverage rent
Nov 2025$999
Dec 2025$999
Jan 2026$999
Feb 2026$900
Mar 2026$850
Apr 2026$900
May 2026$863
Jun 2026$891
Jul 2026$855
Aug 2026$900
Sep 2026$929
Oct 2026$950
View as a graph

Average Rent By Bedroom and Home Type

In October 2026, Apartments and Condos were the most affordable home type to rent compared with Houses.
1 bed2 beds3 beds4 bedsAll
All home types$700$849$1,000$1,230$929
Apartments and Condos$700$700$1,000—$700
Houses$850$855$1,049$1,230$1,049
See more information about local market trends in Peru, IN

Frequently Asked Questions about Rentals in Peru, IN

  • What is the average rent of an apartment in Peru, IN?
    The average rent of an apartment in Peru, IN is $843 per month. This is about 57% lower than the national average.
  • What are the cheapest months to find an apartment to rent in Peru, IN?
    Last year, the cheapest month to find an apartment to rent was Feb 2025 when it was $725 per month.
  • How many cheap apartments are available in Peru, IN?
    There are 14 apartments to rent that are cheaper than the city’s average rent of $929.
  • When is the average rent most expensive in Peru, IN?
    In the last year, the average rent in Peru, IN was highest in Aug 2025 when it was $999 per month.
  • How does the rent of a 1 bedroom apartment compare to a studio apartment in Peru, IN?
    The average rent of a 1 bedroom apartment in Peru, IN is $700 per month. That is about $50 more than the cost of a studio apartment.
  • What are some zip codes in Peru, IN?
    Peru, IN includes zip codes such as: 46970, 46958, 46971.
  • What are some cities near Peru, IN?
    Some nearby cities include: Mexico, New Waverly, Onward, Denver, Bunker Hill. These cities may have more rental options to explore.
View this page in Spanish: Apartamentos baratos en renta en Peru, IN - 62 Rentas | Trulia